4ᵗʰ Workshop on New Developmentalism

Teoria econômica

4ᵗʰ Workshop on New Developmentalism

Data do evento

25/07/2019 até 26/07/2019


09:00 até 17:00


On the first day, the program will hosted a mini-course on new developmentalism, in which this theory was be compared with classical developmentalism, as well as post-Keynesian macroeconomics - the two schools of thought from which new developmentalism originates. On the second day panelists presented the selected papers. 


Lecturers and keynote speaker


Luiz Carlos Bresser-Pereira: Emeritus Professor at FGV. Former Finance Minister of Brazil; former Minister of Federal Administration and State Reform; former Minister of Science and Technology; Emeritus Researcher of National Council for Scientific and Technological Development (CNPQ).

Nelson Marconi: Professor at EAESP-FGV; Former President of Brazilian Keynesian Association; Coordinator of Economics Forum at Getulio Vargas Foundation.

Jose Luis Oreiro: Professor at UnB (University of Brasilia); Former President of Brazilian Keynesian Association.


Keynote Speaker:

Robert Guttmann: Augustus B. Weller Chair in Economics at Hofstra University, USA, he is also affiliated with the Centre d’Économie Paris Nord (CEPN) of the Université Paris XIII in France. He studied in Vienna and at the University of Wisconsin-Madison, USA, before obtaining his PhD at the University of Greenwich, UK. He won the “Distinguished Teacher of the Year” award at Hofstra in 1989, 2004, and 2012. Professor Guttmann teaches international economics, monetary economics, financial regulation, and economic integration in the European Union. An expert in money and banking, international finance, and monetary theory, he has published numerous books and journal articles, including his best-selling books “How Credit-Money Shapes the Economy, Cybercash, Finance-Led Capitalism” and “Eco-Capitalism: Carbon money, climate finance and sustainable development”.



July 25th - lectures will be held in the Noble Hall (4thfloor)


09:00 – 10:00 

Developmental Macroeconomics I - The determination of the exchange rate (Professor Luiz Carlos Bresser-Pereira)

10:00 – 10:30

Coffee break

10:30 – 11:30

Developmental Macroeconomics II – The Principles of New Developmentalism (Professor Luiz Carlos Bresser-Pereira)

11:30 – 13:00

The methodology of industrial equilibrium index and profit rate comparisons (Professor Nelson Marconi)

13:00 - 14:30


14:30 – 16:30

The debate about the sraffian supermultiplier model and the future of heterodox growth models (Professor José Luis Oreiro)

16:30 – 17:00

Coffee break

17:00 – 18:30

Keynote Speaker: Robert Guttmann 

The overlaps and tensions between New Developmentalism and post Keynesian theory


July 26th


09:00 – 10:00  at the Noble Hall (4th floor)

Keynote Speaker: Robert Guttmann

Multi polar Capitalism: the end of the Dollar Standard

10:00 – 10:30

Coffee break

10:30 – 13:00

Session 1a – Extensions of New Developmentalism - Room 702

The Iconomics of New DevelopmentalismGilson Schwartz (USP) and João Paulo Lima e Silva Filho (USP)
Pragmatism as a Pillar of the New DevelopmentalismJoão Luís Paiva da Silva (CEsA-ISEG)
Welfare State typology in the New Developmentalism: literature, experience, and considerations Leandro Teodoro Ferreira (UFABC)
Targeting economic development: Schumpeterian possibilities of new developmental states in fostering local and global developmentMario Gomes Schapiro (EDESP-FGV) and Patrícia Alencar Silva Mello (EAESP-FGV)



Session 1b – The Role of the Exchange Rate - Room 703

Commodity speculation and exchange rate swings in Latin America: A Stock Flow Consistent (SFC) analysisLorenzo Nalin (UNAM/CEPAL) and Giuliano Toshiro Yajima (Sapienza/CEPAL)
On some limits of the exchange rate as a policy tool to promote industrialAriel Dvoski (CONICET-IDAES/UNSAM), German D. Feldman (CONICET-IDAES/UNSAM) and Guido Ianni (Roma Tre University)
On the incorporation of new technologies in a scenario of uncertainties: From the Old to the New DevelopmentalismBruno Farina (UFRJ)
Should emerging countries intervene in foreign exchange rate markets? A critical review of the literature in light of 21st century developmentsJoão Pedro Scalco Macalos (CEPN)


Session 1c – Structural Change and New Developmental Macroeconomics - Room 706

Economic Development and Stagnation in Brazil (1950-2011): Has labor productivity behavior been Growth-Enhancing or Growth-Reducing?André Nassif (UFF), Luciene Morandi (UFF), Eliane Araújo (UEM) and Carmen Feijó (UFF
Epistemic communities, coalitions and institutional change after the conservative shift in Argentina and BrazilRenato Boschi (IESP-UERJ/ INCT-PPED) and Flávio Gaitán (UNILA / INCT-PPED)
The impossible quartet in a demand led growth-supermultiplier model for a small open economyJulio Fernando Costa Santos (UFU)  e  José Oreiro (UNB)


13:00 – 14:30



14:30 – 17:00

Session 2a – The Political Economy of New Developmentalism - Room 702

"Developmentalist Brazil" (1946-1964) as a concept: historicizing and (re)periodizing development in BrazilAlexandre de Freitas Barbosa (IEB-USP)
The developmental state in the 19th American HistoryGustavo Andrey de Almeida Lopes Fernandes (EAESP-FGV)
Coalition for development: A new developmntalist interpretation for the abandonment of industrial capitalists from PT's political coalitionTiago Couto Porto (CND-FGV)
The process of catching-up in East Asia and China: a New Developmental AnalysisLuiz Carlos Bresser Pereira (FGV-SP), Elias Jabbour (FCE-UERJ) and Luiz Fernando de Paula (IE-UERJ)
Recessions in 1974-1975, 1980-1982 and 2008-2009 and a changing theoretical basis of the recoveries; A view from the state-corporation hegemonic stability theoryDariusz Staszczak (John Paul II Catholic University of Lublin)


Session 2b - The Role of the Exchange Rate - Room 703

Expectations and exchange rate in a Keynes-Harvey model: an analysis of the Brazilian case over 2002-2017 using ARDLLeandro Vieira Araújo Lima (UFRGS) and Fábio Henriques Bittes Terra (UFABC)
Carry trade, exchange rate and the balance of payment constraintNelson Barbosa (EESP-FGV/ UNB)
Determinants of real exchange rate movements in 15 emerging marketsThomas Goda (EAFIT)  and Jan Priewe (IMK)
Profit Margin, Exchange Rate and Structural Change: Empirical Evidences between 1996-2016João Guilherme (EAESP-FGV), Rafael Leão (EAESP-FGV), Guilherme Magacho (UFABC) and Nelson Marconi (EAESP-FGV)


Session 2c - Financialization - Room 706

Contradictions in Mexico's liberal reforms: will state banks once again take up their leading role in development policy?Edney C. Dias (EAESP-FGV) and Kurt E. von Mettenheim (EAESP-FGV)
Finance-driven business cycles in emerging markets? An empirical assessment of Minskyan endogenous cycle approachesKarsten Kohler (KUL)
Developmentalist policies in financialized economies: contradictions and impasses of the Brazilian caseMiguel Bruno (ENCE-IBGE, FCE-UERJ e FCE-Mackenzie Rio) and Leda Paulani (FEA-USP)
Social and Political Aspects of Financialization Processes: Analysis of the relations among financial markets, industrial entrepreneurs and the Brazilian statePedro Brancher (IESP-UERJ)


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